Piramal Enterprises Q2 profit triples to Rs 163 crore; flags precarious credit environment risks

Piramal Enterprises’ net profit has surged to Rs 163 crore in the September quarter, driven by a 17% rise in core net interest income and strong recoveries. However, the company warns of a “precarious” credit environment and rising gross non-performing assets. Increased loan loss provisions and challenges in microlending and over-levered borrowers further contribute to the cautious outlook.